Trade Policy Reforms Under Adjustment Programs
Author: World Bank. Operations Evaluation Department
Publisher: World Bank Publications
Published: 1992
Total Pages: 184
ISBN-13:
DOWNLOAD EBOOKThis review of the Bank's experience in support of trade policy reform in a selected group of countries is the first study by the World Bank's Operations Evaluation Department to concentrate exclusively on the Bank's operations and related issues in adjustment lending for trade policy reform. The impetus for the study was twofold: the increasing importance trade policy had acquired in the Bank's structural and sectoral adjustment lending over the years, and the view that the Bank had enough experience in this policy area to provide useful lessons for future lending. While the benefits of trade policy adjustment are gaining wider recognition, several concerns persist regarding the policy design and impact of those programs in the adjusting countries. The study addresses these issues in the context of individual country experience with trade reforms in the 1980s. Detailed case studies were prepared for these countries taking into account the initial conditions prevailing in the country, the design and implementation of the programs, their impact, and their sustainability. The study assesses whether trade policy reforms were complemented by other measures, including macroeconomic, industrial, and financial policies, and whether the Bank considered these links in designing trade policy programs. The main goal is to draw lessons from the cross-section of past experience for suggesting improvements in the Bank's approach to productivity-enhancing adjustment programs.